Before you get started...

As the real estate market continues to shift due to uncertainty caused by COVID-19, Genesis Capital is evolving general lending parameters to align with current market conditions. Below is an overview of the key general lending parameters that brokers and other third-party originators should take note of before submitting a loan for review:

Effective June 1, 2020

  • Maximum loan amount: $5 million
  • Minimum loan amount: $400,000
  • Minimum FICO score: 680
  • Appropriate sponsor liquidity and potential covenant requirements (generally post-close liquidity: greater of [a] 7.5% of total debt exposure, or [b] 9 months of debt-service for total debt exposure)
  • Geographic Markets: Genesis Capital is primarily focused on projects located in MSA’s of 250,000+ in the states listed below (other states will be project and sponsor specific):
    • Arizona
    • California
    • Colorado
    • Florida
    • Georgia
    • North Carolina
    • South Carolina
    • Texas
    • Utah
    • Washington
  • Maximum leverage: See General Lending Parameters
  • Asset Classes – Genesis Capital does not provide loans for:
    • Owner-occupied properties
    • Micro units
    • Manufactured housing
    • Short-term rentals
    • Land or horizontal (aside from minor site work)
    • Traditional commercial assets
    • Mixed use (will be on an exception basis only and must be at least 51% residential)

For general inquiries, submit your question and a member of our broker sales team will reply.

Not currently originating in the following states: MI, MN, MT, ND, SD, WV, WY